Revenue Multiples
Public SaaS Acquisitions
Quarterly SaaS Trends
Q3 2024 Data
Q2 2024 Data
Q1 2024 Data
Q4 2023 Data
Q3 2023 Data
Q2 2023 Data
Q1 2023 Data
Q4 2022 Data
Q3 2022 Data
Q2 2022 Data
Q1 2022 Data
Cloud Revenue
2023 Annual Percent of Revenue
2022 Annual Percent of Revenue
2023 Return on S&M Spend
2023 Cash Efficiency
2023 Profitable vs Unprofitable
Quarterly Payback Period
Quarterly Cash Efficiency
Quarterly Operating Income
Quarterly Operating Margin
Quarterly Revenue
Quarterly YOY Revenue Growth
Quarterly Net Dollar Retention
Net Dollar Retention at IPO
Percent of Revenue at IPO
VC Ownership at IPO
Salary at IPO
Headcount at IPO
Percent of Opex at IPO
YOY Growth at IPO
Founder Ownership at IPO
S&M Efficiency at IPO
Average Contract Value at IPO
Cash Efficiency at IPO
Revenue to Burn at IPO
Age at IPO
Payback Period at IPO

Heading

QuarterAverage MultipleMedian MultipleYOY Change in MedianPremium (Average - Median)Total CompaniesCo's Greater than 10xCo's Greater than 15xCo's Greater than 20xAverage Multiple (growth above median)Median Multiple (growth above median)
Q4 20146.7x6.6x0%0.1x123005.8x5.4x
Q1 20156.5x7.1x0%-0.6x122006.1x6.0x
Q2 20157.2x6.9x0%0.3x122007.2x8.1x
Q3 20158.2x7.0x0%1.2x123008.7x10.3x
Q4 20156.6x6.6x0%0.0x152007.1x7.8x
Q1 20166.9x6.4x0%0.6x152006.6x7.3x
Q2 20169.3x7.1x9%2.2x166118.3x8.6x
Q3 20167.2x6.6x-7%0.6x172007.0x7.7x
Q4 20167.7x7.6x10%0.1x186008.1x8.0x
Q1 20178.0x7.7x10%0.3x309108.0x8.6x
Q2 20178.7x8.0x22%0.6x3211119.0x8.5x
Q3 20179.0x8.9x40%0.1x3312209.5x9.6x
Q4 20178.5x7.9x11%0.6x3311108.5x8.5x
Q1 20189.7x9.2x40%0.4x3415219.5x9.3x
Q2 201811.2x10.8x44%0.4x9020923.1x0.0x
Q3 201810.6x11.1x45%-0.5x37196110.7x11.5x
Q4 201810.1x9.4x17%0.6x36154111.7x10.8x
Q1 201913.0x11.0x24%2.0x372211716.2x14.3x
Q2 201916.3x11.7x49%4.5x3927151218.3x17.5x
Q3 201914.6x12.5x36%2.1x432814917.7x15.0x
Q4 201915.0x14.2x31%0.9x4530191118.1x17.4x
Q1 202013.8x10.7x-4%3.1x452517915.6x15.2x
Q2 202024.7x19.8x110%4.9x4637272231.1x24.6x
Q3 202024.2x16.6x51%7.6x4837282232.4x23.9x
Q4 202031.4x24.0x105%7.4x5546403242.0x37.6x
Q1 202124.9x22.4x78%2.6x5748393133.7x28.0x
Q2 202123.6x19.5x37%4.2x6250413030.8x24.5x
Q3 202127.1x19.6x84%7.5x7559493737.7x31.6x
Q4 202123.3x15.9x-20%7.4x8564473631.5x25.0x
Q1 202216.2x12.8x-23%3.5x8554342221.8x17.3x
Q2 20229.1x8.4x-65%0.7x852913511.4x10.0x
Q3 20228.7x6.9x-69%1.8x852713611.5x10.1x
Q4 20227.0x6.2x-68%0.8x8519218.9x8.6x
Q1 20237.4x7.4x-62%0.0x8522309.3x9.5x
Q2 20238.4x7.2x-55%1.2x85306311.2x11.9x
Q3 20237.5x6.5x-49%1.1x86255110.0x10.4x
Q4 20238.8x7.3x-14%1.6x863112411.8x11.1x
Q1 20248.5x7.1x3%1.4x86279511.6x10.7x
Q2 20247.2x5.8x-5%1.4x8719739.8x9.0x
Q3 20247.5x6.1x-17%1.3x89228310.1x9.3x
Q4 20248.9x6.5x-9%2.4x902511712.3x10.4x